DCU Visa Platinum® Secured Credit Card Review

DCU Visa Platinum® Secured Credit Card is a secured credit card credit card issued by Digital Federal Credit Union.  If you're wondering whether DCU Visa Platinum® Secured Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

• Competitive APRs. DCU Visa Platinum® Secured Credit Card has a variable purchase APR of up to 13%.
• $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
• Accepts cosigners. Digital Federal Credit Union is one of the few credit card issuers that allows applicants to include a cosigner. Adding a cosigner can really improve your approval chances if your credit is not great.
• Secured card. This card requires a refundable deposit before you qualify for a line of credit. These cards are often used to improve the credit of people with poor credit or little credit history.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, extended warranty protection on purchases, travel accident insurance, and fraud protection.
• Poor credit. This card will consider people who have bad credit. Even if you have poor credit, you may still qualify.

The Good	The Bad
Lower than average purchase APRs. No annual fee. Multiple credit card perks. Considers applicants with fair or poor credit. No foreign transaction fee. DCU Visa Platinum® Secured Credit Card reports to multiple credit bureaus. Offers auto rental collision damage waiver. Extended warranty on purchases. Travel accident insurance.	Does not offer a signup bonus. Does not offer rewards or cash back. You don't earn rewards on every purchase.

Is there a DCU Visa Platinum® Secured Credit Card cash back or rewards program?

No, DCU Visa Platinum® Secured Credit Card does not offer a rewards program.

What are the DCU Visa Platinum® Secured Credit Card benefits?

DCU Visa Platinum® Secured Credit Card provides the following benefits:

• Auto Rental Collision Damage Waiver
• Extended Warranty Protection
• Zero fraud liability
• Travel Accident Insurance
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for DCU Visa Platinum® Secured Credit Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. DCU Visa Platinum® Secured Credit Card has lower than average purchase APRs.

DCU Visa Platinum® Secured Credit Card has a variable purchase APR of 13%. The card has a variable balance transfer APR starting at 13% . It also has a variable cash advance APR starting at 13% . Note that late payments are subject to an APR of 18% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the DCU Visa Platinum® Secured Credit Card fees?

The following fees apply to DCU Visa Platinum® Secured Credit Card:

• There is no overlimit fee

DCU Visa Platinum® Secured Credit Card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	$0
Late Payment Fee	$35

Does DCU Visa Platinum® Secured Credit Card report your account activity to credit bureaus?

DCU Visa Platinum® Secured Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for DCU Visa Platinum® Secured Credit Card

• Visit the DCU Visa Platinum® Secured Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.